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G Sachs Lifts COSCO SHIP ENGY's TP by 48% to HKD16, Predicts Further Upsides in Freight Rates
2026-02-04 14:36:32
Goldman Sachs has published a report asserting that international freight rates still have further upside potential, an argument based on the exit or low utilization of shadow fleets and sanctioned fleets from the market that will result in lower-than-expected effective shipping capacity.

In Goldman Sachs' estimate, COSCO SHIP ENGY (01138.HK) will benefit from this round of freight rate increases, assuming that Venezuelan oil transportation will shift from shadow fleets to mainstream fleets.

Goldman Sachs has lifted its target price for COSCO SHIP ENGY by 48% to HKD16 and kept the Buy rating unchanged.
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